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VOOM Insurance
United States
2017 (8 Years)
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What are the differences in regulations for each
License
A Grade License
Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.
B Grade License
Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.
C Grade License
Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.
D Grade License
From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.
Company Information
Get to know VOOM Insurance
Company Information
Get to know VOOM Insurance
VOOM is a full-stack digital insurance company for New-Mobility. We work together with innovative (re)insurance companies to bridge the gap between their current legacy IT systems and today's mobility trends and customer needs. At the heart of our company is the VOOM CORE, an end-to-end platform that provides superior, telematics-based risk analytics, a modern, born-in-the-cloud policy admin system, and a suite of effective distribution tools for direct distribution, brokers, and APIs for embedded insurance. The VOOM CORE allows for creating new, data-driven, insurance products in a rapid manner - a crucial factor in emerging mobility segments. VOOM has partnered with numerous insurance carriers across the US, Canada, and Europe and has served tens of thousands of policyholders. Among our products are SkyWatch - the leading digital drone insurance product in North America, VOOM & RIDE - the world's first pay-per-mile motorcycle insurance product, and VOOM FLEETS (stay tuned...).
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- Financial InsurancePRIMARY
- Technology Software Development
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